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Resilient Reit Ltd (RESJ.J)

RESJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Resilient REIT Announces Restatement Of Interim Financial Statements For Six Months Ended Dec 2017
Tuesday, 22 May 2018 

May 22 (Reuters) - Resilient Reit Ltd ::RESTATEMENT OF INTERIM FINANCIAL STATEMENTS FOR SIX MONTHS ENDED DECEMBER 2017.BOARD REVISITED ACCOUNTING TREATMENT OF SIYAKHA TRUSTS IN TERMS OF IFRS 10: CONSOLIDATED FINANCIAL STATEMENTS.BOARD REACHED CONCLUSION RESILIENT HAS POWER OVER SIYAKHA TRUSTS, EXPOSURE OR RIGHTS TO VARIABLE RETURNS FROM ITS INVOLVEMENT WITH SIYAKHA TRUSTS.BOARD REACHED CONCLUSION RESILIENT FURTHER HAS ABILITY TO INFLUENCE RETURNS EARNED FROM SIYAKHA TRUSTS.CONSTITUTES PRIOR PERIOD ERROR IN TERMS OF IAS 8: ACCOUNTING POLICIES,CHANGES IN ACCOUNTING ESTIMATES AND ERRORS AND DECISION HAS BEEN TAKEN TO RESTATE GROUP'S RESULTS.  Full Article

Greenbay Properties Acquires 50 Pct Stake In Locaviseu-Sociedade De Gestao De Imoveis, S.A.
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Greenbay Properties Ltd ::ACQUISITION OF A 50% STAKE IN LOCAVISEU-SOCIEDADE DE GESTAO DE IMOVEIS, S.A..ACQUISITION CONSIDERATION IN RESPECT OF A 50% STAKE IN THE FORUM COIMBRA AND FORUM VISEU SHOPPING CENTRES IS EUR114.06 MILLION.RESILIENT’S STAKE IN LOCAVISEU-SOCIEDADE WILL BE ACQUIRED FOR A PURCHASE CONSIDERATION OF EUR66.4 MILLION.  Full Article

Resilient Reit Sees 13 Pct Higher Dividend For FY Ended June 2018
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Resilient Reit Ltd ::RESILIENT REIT LTD - ANTICIPATES THAT DIVIDEND PER SHARE FOR INTERIM PERIOD ENDED 31 DECEMBER 2017 WILL BE BETWEEN 305.35 CENTS AND 306.70 CENTS.RESILIENT REIT LTD - TRADING IN CURRENT FINANCIAL YEAR HAS BEEN CONSISTENT WITH PROSPECTS PREVIOUSLY COMMUNICATED.RESILIENT REIT - CONFIRMS THAT DIVIDEND FOR FINANCIAL YEAR ENDING 30 JUNE 2018 IS ANTICIPATED TO INCREASE BY APPROXIMATELY 13%, AS PREVIOUSLY GUIDED.  Full Article

Greenbay Properties says concluded agreement to acquire Locaviseu
Thursday, 16 Mar 2017 

Greenbay Properties : Resilient And Greenbay Have Concluded A Binding Agreement To Acquire Locaviseu - Sociedade De Gestao De Imoveis, S.A . Acquisition On A 50:50 Shareholding Basis For An Aggregate Cash Consideration Of Eur 219,25 Mln . A five-year debt facility of EUR 104,5 million at 3-month euribor plus 2,15% has been secured against assets . Confirms its guidance for year ended september 2017 of a dividend of approximately 0,40 GBP pence per share .For year ended september 2018, Greenbay expects growth in dividends of approximately 25%..  Full Article